Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Donaldson was chief of staff to former White House counsel Don McGahn, who on Tuesday defied the Judiciary panel's subpoena to testify about special counsel Robert Mueller's...Politicsread more
As shopping has shifted online and styles have evolved, Ascena has been grappling with sagging sales and a large debt-load. Looking to stem the losses, Ascena is turning to...Retailread more
The U.S. State Department's current offer is the final one, according to multiple sources.Politicsread more
Former Facebook executive Alex Stamos said Mark Zuckerberg should hire a new CEO and turn his focus to building products.Technologyread more
A surprise decision by the Federal Reserve last month to keep its monetary stimulus program followed six months of tense debate and helps explain why the U.S. central bank muddled its message to markets, according to a new article by the Wall Street Journal's noted Fed watcher Jon Hilsenrath.
Hilsenrath, citing several people close to the Fed's deliberations, wrote that a small group of Fed officials has privately been pushing Fed chief Ben Bernanke to plan an exit from the $85 billion-a-month asset-purchase program.
(Read more: The Fed's 'hidden agenda' behind money-printing)
And markets, which had been anticipating a scaling back of the monetary stimulus in September, were taken aback when signs of a weakness in the economy prompted the Fed to stay its hand.
The minutes of the Fed's September 17-18 meeting will be released this Wednesday and are likely to be watched closely for further insight into what prompted the Fed to delay a widely-anticipated tapering.
"The internal Fed debate over the program shows how challenging it can be to forge consensus among the 19 individuals who take part in interest-rate and bond-buying decisions," Hilsenrath wrote.
(Read more: Bill Gross: Fed will have to taper at some point)
He added that ahead of the Fed's meeting in June, discussions between Bernanke and other Fed officials about clarifying the exit strategy also intensified, according to several people familiar with the deliberations.
Almost half of Fed officials wanted to end the program before year-end, the minutes from that meeting later showed.
Meanwhile, analysts have started to push back expectations for when the Fed is likely to start unwinding its monetary stimulus as worries grow about the impact a U.S. government shutdown will have on the economy.
(Read more: The government shutdown probably kills the 'Octaper')
A budget impasse has meant the U.S. government has been shut down for the past week, undermining a recovery.
"We don't see the Fed tapering in October; our view is that the taper will probably occur in December," Vasu Menon, vice president, wealth management Singapore at OCBC Bank, told CNBC Asia's "Squawk Box" on Tuesday. "The longer the shutdown drags on, the bigger the impact on the economy, giving less room for the Fed to taper."
—By CNBC.Com's Dhara Ranasinghe; Follow her on Twitter